Londoners flee the capital at the highest rate since 2007

Hampton International prepared a research, which stated that Londoners are leaving capital. In 2016 they bought 74 000 houses outside London, that is for 11 000 more than in 2015.

According to The Telegraph it is due the
fact, that real estate prices in London grow at much faster rate than Londoners
wages, which hits young people very hard. In 2014 20% of Londoners bought their
first property outside the capital, in 2016 they were already 40%. In 10 out of
17 local authorities which border the capital more Londoners bought houses than
existing residents.

Most Londoners buy property in the south of
England, that is why house prices rose sharply
across southern England - by an annual rate of 9.1 per cent in the
south and 7.7 per cent in London. This led to a jump in the number of
Londoners moving to the north of England, as house hunters look for more value
for money and space.